The price of Dogecoin (DOGE) rallied by roughly 25% on Dec. 20 as Tesla (NASDAQ:TSLA) CEO Elon Musk once again drew attention to the meme-inspired cryptocurrency.
Elon Musk and his enthusiasm toward Dogecoin is a long-running meme. Every once in a while, Musk likes to tweet about Bitcoin (BTC) and the crypto market. When he does, the market reacts to it quite aggressively.